you are dreaming if you think money is coming from nowhere to pay a dividend. it's dead until oil prices rise again. i'm long lnco, but you have to be realistic about the dividend. it's toast.
That's got to be the difference. Once oil reverses convincingly, we are going to be a massive short squeeze here and it will swing the other way. Thing to do is just bide time.
It's a game of chicken. I think we'll end up with $75 to $80 oil, but there's going to be another year of damage inflicted before we get there. This unless there's a major event that takes a large producer offline.
I ate a huge plate of beans and hooked a hose from my rear end to my cars engine. Now my fuel is free! New trucker's version coming soon!
Why would Linn file chapter 11, when they're protected by hedges for 2 years? That's just stupid. See you at $5.
I think once the tide turns, and it may take a few months, we'll run up to over $5, where I will sell in the money calls and milk this for a bit more. It's still way, way oversold.
I think that's a foregone conclusion. A further question would be whether than can make a serious dent in administrative expenses. They are far too high for the value of this enterprise.
Correct me if I'm wrong, but this is approx 281 million, which should allow the buyback of bonds worth approximately $470 million assuming 60 cents on the dollar. Hoping Linn can keep beating at the interest expense while the price of oil is so low.
i think you're right. if it hits $10, it's a triple from here. I'm in at 2.90 after the next divvy.
I'm in at 3.10 but not sweating it. I think the stock will be at $5 by next summer. Sure, I wish I had bought it at 1.90 but that's the breaks. We are in an irrational period of market hysteria.
I don't think we'll see $100 oil for a long, long time. $70 oil, within the next couple of years.
Ultimately, there will be production cuts due to political instability at $30 oil. The non mid east Opec countries don't have such a huge cash buffer like Saudi and they are political pressure cookers. Should Saudi cut production, if it brings oil to $60, they are much better off there than pumping twice as much at 30. Somewhere along the line, production is going to drop somewhere.. and it will balance the market. Do you think oil projects where $100 is needed are going to be developed? I'll guarantee you plans are being scrapped all over the place.
Right now, people are panicking and running toward the exits. I have 30k waiting to get in when we get capitulation. Currently have 8k LNCO shares at $3.10... and yes, I view it as an option because it's priced like that now. I think LNCO survives until oil goes up. I don't think we'll ever see $30 for the stock price again, but I think we'll see $7 to $10.